An ancient property in the old city of Acre:
From the times of the crusaders & the ottomans, built with stones carved from the nearby reef, with stone arches & other architectural ancient construction elements, for restoration & renovation.
The Real Estate investment opportunity:
Buying ancient property, developing it & make it produce income from rent, short term leases or other.
Holding an asset that will gain much greater value with the time than any regular apartment or building, in a developing area.
About 20 rooms with yard & rooftops, total lot size of about 1400 square meters, many options for uses such as boutique hotel, boutique apartments complex, art & exhibition complex, students accommodation or vacation apartments complex.
This property was partly renovated by Israel land administration about 5 years ago, plumbing, water system, electrical plumbing, windows & doors were replaced, as a part of preparation for boutique hotel planning.
It’s better to open the pictures on a desktop.
The location is close: